Cyber crime is of increasing concern to nation-states — whether the culprits are other governments or financially motivated hackers. In the US, the 2025 government budget for IT security is $13bn, up from $11.8bn the year before. The UK, too, is wary and this extends to the risk of infiltration via allies: it has set aside £25mn to help friendly governments improve cyber security. The private sector is also on edge.
Reporting is also key, both to promote knowledge-sharing and to bolster the chances of asset recovery. Verizon notes that collaboration between banks and law enforcement has improved the recovery rate for stolen money, while the FBI’s IC3 boasts a 71 per cent success rate in recovering stolen assets. The imperative to stay on top of developments affecting peers was demonstrated in June by the infection of over 100,000 websites which use a popular JavaScript library pollyfil.
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